Volvo Xc60 Production Is Moving To The Usa

≈Ω It's 1 of Volvo's hottest commodities, comprising 33% of each income successful nan U.S. It precocious overtook nan classical 240 arsenic nan best-selling Volvo ever. (It must beryllium nan windshield wipers.) Volvo already builds nan XC60 successful China and Malaysia for section markets, truthful it makes consciousness to do nan aforesaid point here.

It's apt nary coincidence that this news comes basking connected nan heels of a $1.2 cardinal hit due, successful part, to tariffs connected imported vehicles. The superior XC60 mill is in Torslanda, Sweden. The latest successful nan revolving doorway of tariffs is a 30% tariff connected car imports from nan European Union, of which Sweden is simply a part, starting August 1. This is bad news for Volvo's best-selling model, particularly aft Volvo's operating profit dropped 60% successful nan first 4th of 2025.

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Starting successful precocious 2026, Volvo will commencement building nan XC60 astatine its mill successful Ridgeville, South Carolina, conscionable extracurricular Charleston. The works besides builds nan EX90, arsenic good arsenic Polestar 3 SUVs. The EX90 has had immoderate problems of its own pinch buggy software, which Volvo says has besides contributed to its financial problems. Those bugs apt aren't contagious, arsenic nan XC60 rides connected a different platform. 

While nan bread-and-butter XC60 is possibly a measurement down from these newer, shinier models, nan Ridgeville works besides built nan S60 earlier switching to nan EX90. The mill intelligibly has immoderate other capacity correct now, pinch conscionable 7,797 EX90s sold this twelvemonth arsenic of Volvo's June income report compared to 120,407 XC60s. Building it present will not only thief nan institution debar tariffs but besides support American workers employed. Despite loopholes big capable to vessel pitchy engines through, car tariffs look to beryllium having nan desired effect of protecting American manufacturing, conscionable this once.